COLORADO SPRINGS — Mayor Steve Bach on Wednesday unveiled expanded tax breaks for companies relocating to or expanding in Colorado Springs as well as a new “commercial aeronautical zone” at the city’s airport where even more generous tax breaks will be available for some aircraft-related businesses.

The breaks, which Bach called “economic vitality accommodations,” are a standard set of incentives available to any business moving or expanding in the city — but available for a “limited time only,” Bach said during his monthly meeting with Colorado Springs City Council members.

The incentives include rebates of up to 90 percent of business personal property taxes and 50 percent rebates of the city’s 2 percent sales and use tax on construction materials and business personal property, as well as a sliding scale on sales tax on manufacturing equipment.

The city already had offered business personal property tax rebates to employers who generate more than half of their annual income from selling products or services outside El Paso County.

More in News

President Donald Trump’s national security adviser said Saturday there was “incontrovertible” evidence of a Russian plot to disrupt the 2016 U.S. election, a blunt statement that shows how significantly the new criminal charges leveled by an American investigator have upended the political debate over his inquiry.

The University of Colorado leadership is grappling with how to address a nationwide nosedive in the favorability of higher education — particularly, among conservatives — as CU’s own representatives and decision-makers disagree on what’s behind the downturn.